Canaccord Genuity Group Has Lowered Expectations for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its price target reduced by analysts at Canaccord Genuity Group from $270.00 to $240.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 38.66% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group reduced their price target on Snowflake from $286.00 to $246.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Truist Financial cut their price objective on Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a report on Thursday. Stifel Nicolaus set a $205.00 target price on shares of Snowflake in a report on Thursday. Needham & Company LLC dropped their price target on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Bank of America increased their price target on shares of Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.84.

Snowflake Stock Up 2.3%

Shares of SNOW traded up $3.87 during mid-day trading on Thursday, hitting $173.08. 14,645,340 shares of the company’s stock were exchanged, compared to its average volume of 6,525,647. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. Snowflake has a 52 week low of $120.10 and a 52 week high of $280.67. The company has a 50-day simple moving average of $201.01 and a 200 day simple moving average of $223.09. The company has a market cap of $59.23 billion, a PE ratio of -42.84 and a beta of 1.14.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The company’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. On average, research analysts forecast that Snowflake will post -2.36 earnings per share for the current fiscal year.

Insider Activity at Snowflake

In related news, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $8,316,844.36. Following the completion of the sale, the director directly owned 31,076 shares in the company, valued at $5,134,376.72. The trade was a 61.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total value of $1,970,900.00. Following the completion of the transaction, the executive vice president directly owned 461,351 shares in the company, valued at approximately $90,927,668.59. This represents a 2.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 713,681 shares of company stock valued at $148,264,518. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Snowflake

A number of institutional investors have recently modified their holdings of the business. Grey Fox Wealth Advisors LLC acquired a new stake in Snowflake in the 3rd quarter worth about $25,000. Tripletail Wealth Management LLC acquired a new stake in shares of Snowflake in the third quarter valued at approximately $28,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake in the fourth quarter valued at approximately $28,000. Rossby Financial LCC boosted its stake in shares of Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after buying an additional 127 shares during the period. Finally, Greenline Wealth Management LLC acquired a new stake in Snowflake during the fourth quarter worth approximately $29,000. Institutional investors own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 results beat: Revenue of $1.28B (+30% YoY) and adjusted EPS topped expectations — the report and stronger cash flow drove positive investor reaction. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: Guidance and demand: Management forecasted FY‑2027 product revenue growth above Street expectations (management targeting ~27% product growth), which analysts say reflects healthy, AI-driven demand for Snowflake’s data platform. Snowflake expects annual product revenue above estimates as AI boosts demand (Reuters)
• Positive Sentiment: AI positioning validated by analysts: Several boutiques and brokers called Snowflake an “AI winner” and said the company is well‑positioned to capture enterprise data moving into AI workflows. That supports a multi‑quarter growth narrative. Snowflake Seen as ‘AI Winner’ (Yahoo)
• Positive Sentiment: Backlog / RPO and cash flow strength: Remaining performance obligations and a larger revenue backlog were highlighted as evidence of durable demand and near-term revenue visibility. Market commentary points to improving cash generation. MarketBeat: Snowflake Q4 and backlog analysis
• Positive Sentiment: Big deals and product wins: Management noted large contract wins (including a ~$400M deal disclosure in coverage) and expanding enterprise adoption—an upside driver for future consumption. Seeking Alpha: FY27 outlook and large deal
• Neutral Sentiment: Mixed analyst reactions: Many firms trimmed price targets after the cautious elements of guidance (UBS, Morgan Stanley, Piper, TD Cowen among others) but kept buy/overweight stances — signaling confidence on secular AI exposure but short‑term caution. Benzinga: Analysts slash forecasts after Q4
• Neutral Sentiment: Comparator and competitive notes: Coverage comparing Snowflake to peers (e.g., Samsara) highlights Snowflake’s AI tailwinds but also shows rival strengths — useful context for relative positioning, not an immediate catalyst. Zacks: Snowflake vs. Samsara
• Negative Sentiment: Market reaction and mixed outlook: Some outlets noted shares slipped in places despite the beat because management’s guide was viewed as conservative — that created short‑term volatility. Snowflake Q4 Earnings Beat, Shares Fall (Yahoo)
• Negative Sentiment: Legal risks: Multiple class‑action filings / investor notices and looming filing deadlines were announced this week; litigation risk raises an overhang for short‑term sentiment. GlobeNewswire: Portnoy Law Firm class action notice

About Snowflake

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.